America 1919-Chapter 800 - : 274, Breton Bank’s stocks are selling like crazy_2
Chapter 800: 274, Breton Bank’s stocks are selling like crazy_2
“And there’s more. I’ve heard that Dick from Breton Bank has been buying up shares of Breton Bank for some time now. Obviously, he must have known about this a while ago, and by now he’s definitely got most of Breton Bank’s shares. With Morgan and Mellon blocking the way, Donnie might not be able to get his hands on Breton Bank’s shares!”
“I thought of something, regardless of whether Donnie will succeed in this, there’s one thing we can be sure of!”
“What’s that?”
“The share price of Breton Bank will definitely soar in the near future!”
“Fuck, why didn’t you say that earlier!”
Soon the share price of Breton Bank began to soar amid such rumors, becoming the second biggest gainer on the NYSE after Sinclair Oil Corporation.
Dick was now very angry; even the rise in Breton Bank’s share price couldn’t quell his rage.
He considered the actions of Laze Madison and Archibald Roosevelt to be a betrayal in his eyes.
Everyone was discussing how to deal with Donnie together just a moment ago, and then all of a sudden, they bought Donnie’s shares in Sinclair Oil Corporation, giving Donnie a hefty amount of cash!
Wasn’t this giving Donnie more ammunition to use against himself?
“Gentlemen, is our partnership really that fragile?”
Dick couldn’t help but confront the two of them, expressing his dissatisfaction!
But clearly, Dick had misjudged one thing, and that was that they no longer needed Dick!
They needed Dick before, for Breton Securities to secretly buy shares in Sinclair Oil Corporation for them, but now that the shareholders of Sinclair Oil Corporation were aware of this, they had also obtained more shares of Sinclair Oil Corporation from Donnie’s hands.
So now, Dick was of no use to them anymore!
“Dick, you’re being unfair. Have we not paid you a commission in this collaboration? Or delayed your commission?”
Laze Madison looked at Dick with dissatisfaction.
Dick was taken aback. Just one sentence and he knew that in their eyes, he was just an ordinary collaborator. Once the business was done, the partnership was over—there were no personal feelings involved!
“It seems I’ve overthought things!” Dick said coldly.
“Dick, there’s no need to take this matter to heart!” Archibald Roosevelt tried to console Dick, adding, “Regardless, our collaboration was very successful this time. Now with the Breton Bank matter, even if Donnie gets his hands on more cash, he still won’t be able to take control from you. So, we still have many opportunities for partnership in the future, wouldn’t you agree?”
Dick took a deep breath and then showed a smile, “Indeed, gentlemen, I won’t stay any longer, I need to go back and prepare for this matter!”
After saying this, Dick got up and left Laze Madison’s office. He was even beginning to regret coming here, just to vent verbally; it actually didn’t help his own situation at all.
After watching Dick depart from his office, Laze Madison turned to Archibald Roosevelt and said, “We better focus on our own matters first!”
They now had the shares of Sinclair Oil Corporation from Donnie’s hands, which gave them more leverage in Sinclair Oil Corporation, and with the upcoming takeover of the Baku Oil Field, there was a pile of matters waiting for them to handle!
Archibald Roosevelt nodded with a smile, “Busy times indeed!”
Laze Madison laughed heartily, “And there will be even busier times to come!”
The two of them exchanged a knowing smile and began to methodically follow their plan, continuing to manage Sinclair Oil Corporation.
During this time, Donnie indeed started, as the outside world speculated, to formally initiate discussions with shareholders of Breton Bank regarding the acquisition of the Breton Bank.
However, the process was clearly not easy. During Donnie’s first probe, due to insufficient funds on display, many of the wavering individuals sold their stakes in Breton Bank to Dick.
Those remaining were mostly firm supporters of Dick’s.
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Moreover, with rumors spreading that Morgan and Mellon would block Donnie’s acquisition of Breton Bank, many of the bank’s shareholders believed that Donnie would encounter resistance in his attempts to acquire the bank!
But no matter what, Donnie’s clear actions seemed to reinforce the brokers’ speculations, and many brokers began aggressively buying up the publicly available shares of Breton Bank at this time.
For Wall Street brokers, these were happy times!
First, the share price of Sinclair Oil Corporation surged because of the Baku Oil Field business, followed by Breton Bank’s share price skyrocketing due to Donnie’s acquisition offer.
They felt as though they could see countless US Dollars flying into their accounts!
“Hill, the price I offered is quite fair. I really can’t understand what you can’t accept. You should know, if I can’t complete the acquisition of Breton Bank this time, Breton Bank’s business in Atlantic City will certainly be affected!”
